Teekay Tankers (NYSE:TNK) reported results for the quarter ended March 31, 2026 and announced shareholder payouts. The Board declared a fixed quarterly cash dividend of $0.25 per share for the quarter ended March 31, 2025 and a special cash dividend of $1.00 per share.
The dividends are payable on June 2, 2026 to shareholders of record as of May 26, 2026. Full Q1 2026 earnings details and Teekay Group’s earnings presentation are available on the company’s website.
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Positive
Board declared a fixed quarterly cash dividend of $0.25 per share
Board declared a special cash dividend of $1.00 per share
Dividend payment date set for June 2, 2026
Record date for dividends set as May 26, 2026
Negative
None.
News Market Reaction – TNK
-0.30%
-0.30%Session close to close
In the May 14 session, TNK declined 0.30%, reflecting a mild negative market reaction.
This announcement combines first quarter 2026 results with a continued fixed $0.25 quarterly dividen...
Analysis
This announcement combines first quarter 2026 results with a continued fixed $0.25 quarterly dividend and an additional $1.00 special dividend, payable on June 2, 2026 to holders of record on May 26, 2026. Historically, Teekay Tankers has paired earnings with similar payouts under the dividends,earnings tag. Investors tracking this pattern may watch how consistently the regular dividend is maintained, the frequency of special dividends, and updates from major holders disclosed via recent Schedule 13G filings.
Key Figures
Regular dividend:$0.25 per shareSpecial dividend:$1.00 per shareDividend payment date:June 2, 2026+5 more
8 metrics
Regular dividend$0.25 per shareFixed quarterly cash dividend for quarter ended March 31, 2025
Special dividend$1.00 per shareSpecial cash dividend declared with Q1 2026 results
Dividend payment dateJune 2, 2026Payment date for declared cash dividends
Record dateMay 26, 2026Shareholders of record date for dividends
Class A shares30,017,861Class A common shares outstanding as of April 17, 2026
Class B shares4,625,997Class B common shares outstanding as of April 17, 2026
FMR ownership1,657,297.69 shares (5.5%)Class A beneficial ownership as of March 31, 2026
BlackRock ownership1,500,724 shares (4.99%)Class A beneficial ownership as of March 31, 2026
Q3 2024 results and declaration of $0.25 quarterly dividend.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Dividend/earnings announcements with this tag have consistently seen negative next-day moves, despite generally shareholder-friendly content.
Recent Company History
Over the last five tagged dividends,earnings events from Oct 2024 through Oct 2025, Teekay Tankers and related Teekay entities repeatedly reported quarterly results alongside a fixed $0.25 dividend, and at times a $1.00 special dividend. Yet, the stock’s 24-hour reactions to these updates were negative in every case, with moves ranging from -0.36% to -5.87%. Today’s similar structure—results plus regular and special dividends—fits that established pattern.
Key Terms
special cash dividend, restricted stock units, stock option, schedule 13g, +4 more
8 terms
special cash dividendfinancial
"the Board of Directors has declared a special cash dividend of $1.00 per share"
A special cash dividend is a one-time, extra cash payment a company gives to its shareholders in addition to its regular dividends, like a bonus check sent out when a business has more cash than usual. It matters to investors because it delivers immediate cash value, can signal that the company has strong short-term cash or limited opportunities to reinvest, and typically reduces the company’s cash reserves and may affect the stock price and tax treatment for recipients.
restricted stock unitsfinancial
"non‑employee directors received cash retainers plus an equity retainer of $135,000 in restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
stock optionfinancial
"He also holds a stock option for 7,031 Class A shares at an exercise price"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
form 3regulatory
"[Form 3] TEEKAY TANKERS LTD. Initial Statement of Beneficial Ownership"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
sole voting powerfinancial
"The filing shows FMR has sole voting power for 1,654,613 shares"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
deferred restricted stock unitsfinancial
"He also holds deferred restricted stock units representing 6,627.0049 Class A shares"
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
HAMILTON, Bermuda, May 13, 2026 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the three months ended March 31, 2026 and announced that its Board of Directors has declared its fixed quarterly cash dividend of $0.25 per share for the quarter ended March 31, 2025. In addition, the Board of Directors has declared a special cash dividend of $1.00 per share. The cash dividends are payable on June 2, 2026 to all shareholders of record as at May 26, 2026.
The full earnings release and Teekay Group’s earnings presentation are available on the Company’s website here.
About Teekay Tankers
Teekay Tankers has a fleet of 33 double-hull tankers (including 14 Suezmax tankers, 18 Aframax / LR2 tankers, and 1 VLCC tanker), and also has three time chartered-in oil and product tankers. Teekay Tankers’ vessels are typically employed through a mix of spot tanker market trading and short- or medium-term fixed-rate time charter contracts. In addition, Teekay Tankers manages and operates vessels for the Australian Government and Australian energy companies as part of the marine services provided by the Company and owns a ship-to-ship transfer business that performs full service lightering and lightering support operations in the U.S. Gulf and Caribbean. Teekay Tankers was formed in December 2007 by Teekay Corporation Ltd.
Teekay Tankers’ Class A common shares trade on the New York Stock Exchange under the symbol “TNK.”
What dividends did Teekay Tankers (NYSE:TNK) declare on May 13, 2026?
Teekay Tankers declared a $0.25 per share fixed quarterly dividend and a $1.00 per share special cash dividend. According to Teekay Tankers, both dividends relate to the quarter ended March 31, 2025 and will be paid in early June 2026.
When will Teekay Tankers pay the Q1 2025 and special dividends to TNK shareholders?
Both the fixed quarterly dividend and the special cash dividend will be paid on June 2, 2026. According to Teekay Tankers, shareholders must be on record as of May 26, 2026 to receive these cash distributions.
What is the record date for Teekay Tankers’ $0.25 and $1.00 dividends on TNK stock?
The record date for Teekay Tankers’ declared dividends is May 26, 2026. According to Teekay Tankers, investors holding TNK shares on that date will qualify for the $0.25 quarterly dividend and the $1.00 special cash dividend.
How much total cash per share will Teekay Tankers distribute from the latest TNK dividend announcement?
Teekay Tankers plans to distribute a combined $1.25 per share in cash dividends. According to Teekay Tankers, this consists of a $0.25 fixed quarterly dividend plus a $1.00 special cash dividend, both payable on June 2, 2026.
Did Teekay Tankers report first quarter 2026 results along with the TNK dividend declaration?
Yes, Teekay Tankers reported results for the quarter ended March 31, 2026 alongside the dividend news. According to Teekay Tankers, the full Q1 2026 earnings release and Teekay Group presentation are available on the company’s website.
